Mike Selig to Lead CFTC as Travis Hill Takes Charge of FDIC
The U.S. Senate has approved two key regulatory appointments that could significantly influence the future of crypto regulation in the United States. Lawmakers confirmed Mike Selig as chair of the Commodity Futures Trading Commission (CFTC) and elevated Travis Hill to chair the Federal Deposit Insurance Corporation (FDIC), signaling a shift toward a more crypto-aware regulatory environment.
Mike Selig, a lawyer with prior experience at both the CFTC and the Securities and Exchange Commission, has publicly stated that digital assets will be a priority during his tenure. His term will run until April 2029, and he will initially serve as the sole commissioner following multiple resignations earlier this year.
Selig’s appointment comes as lawmakers consider legislation that would expand the CFTC’s authority over crypto spot markets, potentially making it the primary regulator for digital asset trading in the U.S.
Travis Hill, confirmed to lead the FDIC through 2030, has already made his views known on crypto debanking, criticizing the denial of banking services to firms solely due to digital asset exposure. The FDIC is expected to play a critical role in overseeing stablecoin issuers and shaping how crypto companies access traditional banking infrastructure.
The confirmation of leaders viewed as constructive toward digital assets has been welcomed across the crypto sector. Industry advocates point to Selig’s regulatory background and Hill’s openness to reform as signs of a move toward clearer rules, fair oversight, and lawful innovation.
With both agencies holding expanding influence over digital assets, the appointments mark a pivotal moment for the long-term structure of U.S. crypto regulation.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.